Prime opportunity in the heart of Palmyra! This Mixed-Use Commercial property offers over 3,700 sq. ft. of adaptable space in a busy, high-visibility location ideal for investors, business owners, or those looking to maximize rental income. The main level (approx. 1,000 sq. ft.) is currently leased and operating as a salon ($2300 per month), providing steady income. The second floor features a well-kept 2 bedroom, 1 bath apartment, currently rented to excellent, timely tenants who would love to stay ($1200 per month). The third floor presents added income potential. With two existing bedrooms (each with closets) and a large great room with vaulted ceilings, this level is ready to be finished to expand the second unit into a 4 bedroom unit. Recent updates include a new roof in 2023, along with a new hot water heater, windows and electrical panel installed in 2024. Outside, you’ll find ample parking and a detached garage that can be rented for supplemental revenue. Versatile, income-producing, and perfectly located—this is a standout investment in a thriving Palmyra area!
Palmyra is located in Pennsylvania. Palmyra, Pennsylvania has a population of 7,750. Palmyra is less family-centric than the surrounding county with 25.83% of the households containing married families with children. The county average for households married with children is 28.25%.
The median household income in Palmyra, Pennsylvania is $56,124. The median household income for the surrounding county is $66,164 compared to the national median of $69,021. The median age of people living in Palmyra is 34.2 years.
The average high temperature in July is 84.6 degrees, with an average low temperature in January of 21.4 degrees. The average rainfall is approximately 42.6 inches per year, with 25 inches of snow per year.
